Jump to contentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleHenry Saker-ClarkMonday 17 August 2026 19:02 BSTThe supermarket chain also posted an annual pre-tax loss of £629 million before exceptional items (Getty/iStock)Morrisons cut almost 5,000 jobs over the past year, reducing its average workforce from 101,144 to 96,232 employees.The supermarket chain posted an annual pre-tax loss of £629 million before exceptional items, with net debt rising to £7.52 billion.Annual revenue grew by 2.8 per cent to £15.7 billion, whilst underlying earnings remained stable at £835 million despite cost pressures and a cyber incident.Job losses included more than 4,200 shop-floor positions alongside manufacturing and distribution roles, largely driven by service closures and natural attrition.Chief executive Rami Baitieh is implementing a major turnaround strategy to help the retailer recover market share lost to discounters Aldi and Lidl.In fullMorrisons debts rise despite cutting almost 5,000 jobs last yearMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in